Platinum Advisors Acquires Chandler Office Complex

The investment group purchased the 10-building Chandler Center Commons for $30.5 million.

Updated on Oct. 20, 2026 in Commercial

A wide view of a low-rise suburban commercial office park with stucco buildings, desert landscaping, and clean architectural lines in bright sunlight. — Platinum Advisors and RBC Dev Company purchased the Chandler Center Commons office complex for $30.5 million to initiate condo conversions. AI Illustration. Upload story photo >

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Platinum Advisors and RBC Dev Company have completed the purchase of the Chandler Center Commons, a 12-acre office complex in Chandler. The new owners plan to transition the 120,500-square-foot property into individual office condominiums.

Why it matters

This acquisition aims to provide direct ownership opportunities for business investors looking to establish a permanent stake in the local market. The buyers intend to revitalize the 2008-built campus with a $1.5 million investment in property upgrades.

The 10-building property located at 5500-5590 West Chandler Boulevard features 36 units and maintains a 95 percent occupancy rate. The transaction was funded via a $14 million down payment and a $16.5 million loan from Banterra Bank.

The players

Platinum Advisors

This is an investment firm that acts as one of the lead buyers in the acquisition of the Chandler Center Commons office park.

RBC Dev Company

This developer is partnering with Platinum Advisors to lead the conversion of the commercial office space into individual condominiums.

North Beacon Capital

This entity served as the seller for the 12-acre office property in Chandler.

Banterra Bank

This financial institution provided the $16.5 million loan utilized by the buyers to finalize the acquisition.

The details

The complex currently spans 120,500 square feet of leasable space, originally constructed in 2008. By converting these spaces into office condominiums, the developers hope to capitalize on demand for equity-based commercial property ownership in the area.

The Chandler Center Commons complex was originally built in 2008.
The sale of the commercial property was officially reported on October 20, 2026.

Culture Shift

This acquisition follows a pattern established by the Phoenix office market absorption of 100,000 square feet in Q3 2026, indicating continued demand despite sector shifts. The project reflects a broader trend of repositioning legacy office assets to better meet modern investor preferences for ownership.

Current tenants may see changes to property management and leasing terms as the new owners begin their planned $1.5 million improvement project. Business owners in the area should monitor the transition if they are interested in potential future opportunities to purchase individual office suites.

The takeaway

The move from traditional leasing to ownership models for office space suggests a shift in how small-to-midsize businesses view their real estate footprints. Investors should watch how this conversion model performs compared to traditional rental portfolios as interest rates fluctuate.